Cardinal Infrastructure Group (CDNL) Options Chain

NASDAQ: CDNLIndustrialsMilitary/Government/TechnicalUSD

21.12-3.94 (-15.72%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Jan 15, 2027
Days to expiration: 96
Share price: $21.12
Put/call ratio (OI): 0.41
Put/call ratio (volume): 0.26
ATM implied volatility: 87.9%
Expected move: ±$9.53
Open interest (C / P): 1.04K / 421

CDNL options summary

The CDNL options chain for the January 15, 2027 expiration lists 15 call and 12 put contracts, with 96 days until expiration. Open interest stands at 1,036 calls and 421 puts, a put/call ratio of 0.41, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $20.00 strike is 87.9%, which implies the market expects a move of about ±$9.53 (45.1%) in Cardinal Infrastructure Group stock by expiration.

The most open interest sits at the $50.00 call (223 contracts) and the $25.00 put (209 contracts).

Summary generated from market data by MetaCap's automated system. Methodology

CDNL options chain · January 15, 2027

CDNL calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
43	1	94.7%	3.60	3.80	5.30	20.00	2.15	3.60	3.30	81.2%	25	37
CDNL $21.12
—	—	—	—	—	—	22.50	2.60	6.50	1.18	85.9%	—	8
6	8	90.9%	3.50	2.20	3.00	25.00	5.70	6.90	2.75	86.7%	16	209
39	40	99.3%	2.50	1.20	2.50	30.00	8.70	12.00	4.70	89.5%	3	123
17	6	109.0%	3.30	0.00	3.00	35.00	12.50	16.20	6.62	75.2%	2	13
110	1	115.7%	0.05	0.00	2.45	40.00	17.60	20.80	8.50	80.7%	1	3
172	110	130.3%	1.95	0.00	2.60	45.00	0.00	0.00	12.13	—	—	0
223	1	111.1%	1.00	0.00	1.05	50.00	15.10	18.40	10.30	—	—	25
117	1	144.9%	1.80	0.00	2.30	55.00	—	—	—	—	—	—
53	1	153.8%	2.00	0.00	2.35	60.00	23.50	26.90	15.70	—	3	3
173	4	111.7%	0.10	0.00	0.40	65.00	0.00	0.00	28.28	—	—	0
0	—	50.0%	13.20	0.00	0.00	70.00	0.00	0.00	31.80	—	—	0
57	17	171.8%	1.17	0.00	2.25	75.00	—	—	—	—	—	—
25	—	186.1%	11.00	0.00	2.45	85.00	—	—	—	—	—	—
—	—	—	—	—	—	90.00	0.00	0.00	52.64	—	—	0
1	1	222.6%	13.11	0.00	3.80	100.00	—	—	—	—	—	—
0	2	50.0%	0.97	0.00	0.00	105.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the CDNL put/call ratio?

For the January 15, 2027 expiration, the CDNL put/call ratio based on open interest is 0.41 (421 puts vs 1,036 calls), and 0.26 based on today's volume. A ratio above 1 means more puts than calls.

What is CDNL's implied volatility?

At-the-money implied volatility for CDNL options expiring January 15, 2027 is about 87.9%, an annualized estimate of how much the market expects Cardinal Infrastructure Group stock to move.

How many CDNL option expiration dates are there?

CDNL has 4 listed expiration dates, from Oct 16, 2026 to Apr 16, 2027.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.